Enhancing Canadian Innovation: Introducing the Patent Box Regime
In an exciting development for the Canadian innovation landscape, the federal government has announced its intention to explore the implementation of a patent box regime. This strategic move is designed to foster the creation, commercialization, and retention of intellectual property (IP) within Canada. Understanding the Patent Box Regime A patent box regime is a fiscal policy that offers preferential tax treatment for income generated from patented innovations. The aim is to incentivize companies to develop and commercialize their IP domestically, rather than...